The blueprint announced by China’s State Council for financial reforms has injected some vigor to long sluggish stock markets but has not impressed everyone.
China’s A-share market welcomed the news by climbing 2% on Monday, while the Hong Kong market closed 1.8% up on the same day.
The markets have been underperformed for at least two years last year the Shanghai stock market dropped 6.7%, making it the worst performing stock market of the world’s major economies.
China’s blueprint, issued on Friday, outlines nine main targets for capital market reforms over the next few years. It follows the nine principles issued by the department...